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Property profile & analytics
OFF-MARKET Estimated value $1,195,000
Industrial land

3960 Canal St Fort Myers, FL 33916

8.17 ac lot
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-2300902
Property summary
AI-generated overview

This exceptional 8.17+/- acre industrial land parcel presents a compelling investment opportunity in Fort Myers, Florida. Located at 3960 Canal Street, Lee County, this fee-simple property is zoned IH and boasts convenient access via Canal Street to Rockfill Road, offering excellent connectivity. The property's strategic location is just six minutes from the I-75 and MLK exit, providing easy access to major transportation arteries. This makes it perfectly suited for businesses requiring substantial outdoor storage space, fleet parking facilities, or those seeking expansion opportunities in Southwest Florida's thriving market. The asking price of $2,295,000 reflects the inclusion of costs associated with road installation and necessary mitigation credits, representing significant value for discerning buyers. The land value is $8.42 per square foot. The APN is 29-44-25-P1-00102.0020. This is a rare chance to acquire a well-positioned industrial site ready for immediate development or expansion, offering significant potential for long-term growth and return on investment. Don't miss this chance to secure a prime piece of industrial real estate in a rapidly developing area.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 8.17 ac (355,694 SF)
Zoning code IL
APN 29-44-25-P1-00102.0020
UPID US18-2300902
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.20M
Owner & transaction history
3960 Canal LLC · 2 yrs held
3960 Canal LLC
since 2023
Last sale
$1.1M
7 recorded transactions
2024
Price N/A
2023
$1.1M
2014
$40,000
2010
$10,100
2010
$10,100
2005
$118,600
2005
$400,000
Zoning & alternative use
IL · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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